This can’t be good. CBS has purchased Last.fm for $280 million. Says a CBS representative:

“We’re emulating what Fox did with MySpace. There are a lot of super-cool, whiz-bang applications they have that I can’t wait to apply to other parts of the business.”

Whiz-bang applications? When corporate fruitcakes use terms like that it shows such a scary level of cluelessness that it practically guarantees that impending doom is nigh. Fox’s buying Myspace all but turned the social network into a giant spam tool. Inevitably, the same will happen over at Last.fm. Oh well, it was fun while it lasted.